Source: world bank Nominal/PPP
Summary:
Kazakhstan GDP Per Capita expanded from 1990 to 2024, increasing from $26.93 to $291.48 .The compound annual growth rate (CAGR) averaged 7.26% over the period. The economy recorded its peak level in 2024 and its lowest level in 1999. Growth volatility remained high. The maximum drawdown reached 41.99%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
Kazakhstan Economic Phases (1990 - 2024)
From 1990 to 2024, Kazakhstan economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Contraction (1991–1995) indicating temporary slowdown
- High Growth (2000–2008) indicating robust economic expansion
- High Growth (2010–2013) indicating robust economic expansion
- Crisis (2015–2016) indicating severe economic downturn
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 2006 with an increase of 41.804%, while the largest decline was in 2016 at -25.549%.